Health In Tech Insider Grant Raised Beneficial Ownership to 8.13M Shares
Rhea-AI Filing Summary
LinLin Qian, who serves as Chief Financial Officer, a director and a >10% owner of Health In Tech, Inc. (HIT), received a grant of 80,000 restricted shares of Class A Common Stock on 09/24/2025 at a reported price of $0. Following the grant, the reporting person beneficially owns 8,128,555 shares, which the filing states includes 130,495 restricted shares and 7,998,060 Class A shares (the filing separately excludes 2,700,000 Class B shares and 711,510 options). The restricted shares vest in three equal tranches tied to an initiative: monthly over 12 months after a letter of intent, monthly over 12 months after proof-of-concept or beta launch, and monthly over 12 months after full commercial launch.
Positive
- Structured vesting tied to milestones aligns the reporting person's incentives with company project progress
- Grant reported as restricted stock under the company's Equity Incentive Plan, indicating formal compensation governance
Negative
- None.
Insights
TL;DR Insider received 80,000 restricted Class A shares, increasing reported beneficial ownership to 8.13 million shares.
The transaction is a structured equity grant rather than an open-market purchase and is priced at $0, indicating restricted stock issued as compensation under the company equity plan. Vesting is milestone-based with three 12-month monthly installment tranches tied to initiative milestones, which aligns the recipient's compensation with project progress. The grant increases reported beneficial ownership but the filing also discloses substantial holdings excluded from the Class A total (Class B shares and options), which affect overall capitalization and control dynamics. Impact on outstanding share count and immediate market dilution is not quantified in the filing.
TL;DR Grant reflects compensation and retention mechanism with milestone-driven vesting; disclosure is clear on vesting triggers and holdings.
The Form 4 documents a standard restricted stock award under the Health In Tech Equity Incentive Plan with explicit vesting triggers tied to company initiatives, which is consistent with retention and performance alignment practices. The reporting person is identified as CFO, director and >10% owner, and the filing separates Class A, Class B and option holdings to clarify beneficial ownership. The filing does not provide details on the total shares outstanding or percentage ownership post-grant, limiting assessment of governance control shifts from this single filing.